U.S. Existing Home Sales Show Another Steep Drop In March :

U.S. Existing Home Sales Show Another Steep Drop In March
WASHINGTON (dpa-AFX) - The National Association of Realtors released a report on Thursday showing another steep drop in U.S. existing home sales in the month of March.
NAR said existing home sales tumbled by 3.7 percent to an annual rate of 6.01 million in March after plunging by 6.3 percent to a revised rate of 6.24 million in February.
Economists had expected existing home sales to dip by 0.5 percent to a rate of 6.19 million from the 6.22 million originally reported for the previous month.
Existing home sales fell to their lowest annual rate since August but were still up by 12.3 percent compared to the same month a year ago.

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